Last week, global stocks ended with weekly losses, with all major indices, with exception of European indices, ending Friday in the red zone. Stocks on Wall Street ended their third consecutive week in losses. Friday also concluded the third successive quarter in losses for wall street stocks, the longest losing streak for the S&P and the Nasdaq since the Great Recession, and the Dow’s longest in seven years. European stocks were higher on Friday but still ended the week in losses.
This week, The U.S. labor market could take the spotlight, with the release of the Labor Department’s nonfarm payrolls report for September, its August Job Openings and Labor Turnover Survey (JOLTS), and ADP’s private-sector payrolls report. The reports could show how well the labor market has held up against the Fed’s more hawkish monetary policy moves. Purchasing Managers’ Index (PMI) survey readings from S&P Global and the Institute for Supply Management (ISM) will offer updates on the recent performance of the U.S. manufacturing sector.
As earnings season approaches, we can also expect key earnings reports from denim maker Levi Strauss and beverage giant Constellation Brands. Below are events expected to move markets in the week.
